Venus(XVS) is an algorithm-based money market system. The purpose of developing this protocol is to introduce the lending and credit system in fully decentralized finance (DEFI) to the BSC of binance smart chain. Venus protocol design is based on the architecture and bifurcation of Ethereum Compound and MarkerDAO, synced to Venus platform, combining the best of the two systems.
Venus protocol aims to provide a decentralized, secure trading platform for platform users to obtain loans, earn interest and minte synthetic staboin. The protocol runs entirely on the Binance smart chain, eliminating the current pain points of congestion, lack of cross-chain compatible assets, and high transaction fees on the Ethereum blockchain. Taken together, these standards provide a scalable solution in the money market that will be fully controlled by the community through its governance token XVS. XVS was issued through a fair offering mechanism, without founder and team allocations, backed by an organization that already had sufficient capital and the team at Swipe, a Binance portfolio company.
XVS coin is Venus platform's native BEP-20 governance token, mainly used to participate in platform governance. XVS is designed to be a fairly distributed crypto asset with no founder reservation, no team reservation, and no developer share. All VXS can be obtained in only two ways. One is < a class = "infotextkey" href = "https://www.120btc.com/pingtai/2.html" target = "_blank" Rel ="noopener"> Binance LaunchPool mining, another is to provide liquidity in the agreement.